(Module 12) The population of Franklandia can be described by the data in the table below. Civilian population age 16 and older Number employed full time Number employed part time Number unemployed and looking for a job Number unemployed and not looking for a job Number in the military Number in prison 500,000| 220,000 80,000 150,000 25,000 20,000 5,000 a. Use the data above to calculate the size of the labor force and the labor force participation rate. b. Use the data above to calculate the unemployment rate. c. Suppose that half of those officially counted as unemployed become discouraged and drop out of the labor force. Will this increase, decrease, or have no impact on the nation's unemployment rate? Explain.

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